The Toronto-Dominion Bank (TSE:TD) Given Average Rating of “Moderate Buy” by Brokerages

The Toronto-Dominion Bank (TSE:TD) (NYSE:TD) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$86.97.

Several research firms have recently issued reports on TD. CIBC raised Toronto-Dominion Bank from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$83.50 to C$88.00 in a research report on Friday, May 24th. National Bankshares cut Toronto-Dominion Bank from a “sector perform” rating to an “underperform” rating and lowered their price objective for the stock from C$84.00 to C$75.00 in a research report on Friday, May 24th. Jefferies Financial Group decreased their target price on Toronto-Dominion Bank from C$76.00 to C$73.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. BMO Capital Markets decreased their target price on Toronto-Dominion Bank from C$86.00 to C$84.00 and set a “market perform” rating for the company in a research report on Friday, May 24th. Finally, Cibc World Mkts raised Toronto-Dominion Bank from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 24th.

Toronto-Dominion Bank Price Performance

Shares of TSE TD opened at C$78.65 on Monday. The stock’s 50-day moving average is C$76.83 and its two-hundred day moving average is C$78.93. Toronto-Dominion Bank has a 1-year low of C$73.67 and a 1-year high of C$86.96. The company has a market cap of C$138.42 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.08 and a beta of 0.82.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last issued its quarterly earnings results on Thursday, May 23rd. The company reported C$2.04 earnings per share for the quarter, topping the consensus estimate of C$1.84 by C$0.20. The company had revenue of C$13.82 billion for the quarter, compared to the consensus estimate of C$13.38 billion. Toronto-Dominion Bank had a return on equity of 9.89% and a net margin of 21.91%. Equities research analysts anticipate that Toronto-Dominion Bank will post 7.8691589 earnings per share for the current fiscal year.

Toronto-Dominion Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 10th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Wednesday, July 10th. Toronto-Dominion Bank’s dividend payout ratio is presently 69.39%.

About Toronto-Dominion Bank

The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, and Wholesale Banking.